Palo Alto, Calif. – November 3, 2011 – Space Systems/Loral (SS/L) today announced that His Royal Highness Crown Prince Haakon of Norway, accompanied by the Minister of Research and Higher Education, Tora Aasland; the Minister of Trade and Industry, Trond Giske; and Norway’s Ambassador to the United States , Wegger Chr. Strömmen, visited the SS/L satellite manufacturing facility in Palo Alto, Calif., on October 26. John Celli, president of SS/L, met with the Norwegian dignitaries in order to highlight the company’s collaboration with Norwegian companies and its importance as a driver of research and development in Silicon Valley.

Space Systems/Loral, the world’s leading provider of commercial satellites, is building an advanced communications satellite, THOR 7, for Telenor Satellite Broadcasting (TSBc). When THOR 7 is launched, the multi-mission spacecraft will expand broadcasting services in Europe and provide necessary satellite broadcast growth capacity for services including HDTV and 3DTV, specifically within Central and Eastern Europe. It will also help meet the growing demand for high-bandwidth broadband communications within the maritime sector and serve TV, shipping, oil industry, and broadband needs in Europe and Middle East.

“It was an honor to meet with His Royal Highness Crown Prince Haakon of Norway and his delegation,” said John Celli, president of SS/L. “During the tour of our manufacturing facility, we discussed the importance of satellite technology and how the world continues to improve the way we share information. We are very pleased to work with important Norwegian companies both as customers and suppliers.”
In addition to its work with TSBc, SS/L has a long history of working with Norspace, a Norwegian supplier of Telemetry Command and Ranging (TC&R) equipment. Norspace has provided extremely accurate and reliable electronic equipment for SS/L-built satellites for more than 10 years, and the company will provide all of the TC&R equipment for TSBc’s THOR 7.

The Crown Prince and ministers were in the Silicon Valley to participate in Transatlantic Science Week, which is a forum for politicians, researchers, and leaders working within the fields of higher education, research, and innovation in the U.S. and Norway. In addition to visiting Space Systems/Loral, members of the delegation also visited other Silicon Valley high tech companies including Apple and Facebook.

Over its more than 50-year history, Space Systems/Loral has built approximately 240 satellites. There are currently 66 SS/L-built satellites orbiting in the geostationary arc, which is 22,300 miles above Earth.

About Space Systems/Loral
Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL), has a long history of delivering reliable satellites and spacecraft systems for commercial and government customers around the world. As the world’s leading provider of commercial satellites, the company works closely with satellite operators to provide spacecraft for a broad range of services including television and radio distribution, digital audio radio, broadband Internet, and mobile communications. Billions of people around the world depend on SS/L satellites every day. For more information, visit www.ssloral.com.

About Loral Space & Communications Loral Space & Communications is a satellite communications company. Through its Space Systems/Loral subsidiary, the company is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including direct-to-home television, broadband communications, wireless telephony, weather monitoring, and air traffic management. Loral also owns 64 percent of Telesat, one of the world’s largest providers of satellite services. Telesat operates a fleet of telecommunications satellites used to broadcast video entertainment programming, distribute direct-to-home video and broadband data services, and other value-added communications services. For more information, visit Loral’s Web site at www.loral.com. LORL-G

This document contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, the words “believes,” “expects,” “plans,” “may,” “will,” “would,” “could,” “should,” “anticipates,” “estimates,” “project,” “intend” or “outlook” or other variations of these words or other similar expressions are intended to identify forward-looking statements and information. In addition, Loral Space & Communications Inc., Space Systems/Loral, Inc. or their representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made from time to time with the Securities and Exchange Commission, and press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results may differ materially from anticipated results as a result of certain risks and uncertainties which are described as “Risk Factors” and in the “Commitments and Contingencies” note to the financial statements in Loral’s 2010 annual report on Form 10-K filed March 15, 2011. The reader is specifically referred to this document, as well as the company's other filings with the Securities and Exchange Commission. Risks and uncertainties include but are not limited to (1) risks associated with financial factors, including swings in the global financial markets, financial covenants in SS/L's credit agreement, increases in interest rates and access to capital; (2) risks associated with satellite manufacturing, including competition, cyclicality of SS/L's end-user markets, contractual risks, creditworthiness of customers, performance of suppliers and management of our factory and personnel; (3) regulatory risks, such as the effect of U.S. export control and economic sanction laws; and (4) other risks, including litigation. The foregoing list of important factors is not exclusive. Furthermore, Loral and SS/L operate in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the control of Loral and SS/L..